VANCOUVER, Feb. 16 /CNW/ - Stream Oil & Gas Ltd. (TSX-V: SKO) (the "Company") announces that BA Capital Inc., a private consulting company owned by Mr. Art Agolli, has commenced litigation against the Company, claiming damages of $637,000 arising from the allegedly wrongful termination of a Consulting Agreement with the Company. The Company disputes and will vigorously defend the claim as being entirely without merit.
About Stream Oil & Gas Ltd.
Stream Oil & Gas Ltd. is a Canadian-based emerging oil and gas production, development and exploration company focused on the re-activation and re-development of three oil fields and a gas/condensate field in Albania. The Company's strategy is to use proven technology, incremental and enhanced oil recovery techniques to significantly increase production and reserves.
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SOURCE Stream Oil & Gas Ltd.
For further information: For further information: Dr. Sotirios Kapotas, President & Chief Executive Officer, P: (604) 642-6168; Danny Davis, Chief Financial Officer, P: (604) 642-6168, Email firstname.lastname@example.org, Website: www.streamoilandgas.com